The "Arab Investment Guarantee" Calls for Strengthening Private Sector Activity and Improving the Quality of Education

Newspaper of today Subscribe to receive the news of the economy [19659003] The Arab Organization for Investment Guarantee and Export Credit In addition to the price stability of other commodities, in spite of the persistent economic, financial, social and geopolitical challenges and the persistent crisis of refugees and displaced persons. In the region. The Foundation's General Director, Fahad Rashid Al Ibrahim, said in his speech at the 26 th Arab Economic Forum held by Al-Iktissad Wal-Aamal group, in cooperation with the Foundation and others, Thursday in Beirut, under the patronage of Lebanese Prime Minister Saad Hariri. Arab officials – that the Foundation, through its annual reports and the General Index of Investment Attraction released in 2018 revealed the existence of many challenges facing the environment of the business and investment climate in the region.

He attributes the decline in foreign direct investment flows to the region and its share of foreign investment in the world, as well as declining technological level and lack of skills, high inflation and the deficit of public budgets and the closing of certain markets. Or difficulty accessing it, and low quality of human capital and logistical performance.

The President of the Arab Foundation called on the countries of the region to intensify their programs of economic diversification, promotion of private sector activities, labor market reform, improvement of the business climate and the Improvement of the quality of education. Competitiveness and increase the attractiveness of the countries of the region for investment and business in general.

According to regional and international reports, the economies of the region are expected to experience a relative improvement in the average real growth rate due to a number of positive factors, the most important being the expected recovery of the economy. oil activity. It is likely that the region will experience improved budgets in most Arab countries, continued financial reforms, increased government revenue and improved current account performance and external exports conditioning the economy. Improvement of the infrastructure and procedures of foreign trade. In his speech, Al Ibrahim emphasized that the Foundation, believing in the importance of stabilizing its role in the guarantee sector when trust and certainty prevail in the exceptional circumstances and major political and economic events of the region Arab, has accelerated its diversified activities. And Arab exports, through the provision of protection sought by Arab and banking investment and export entities in the midst of current developments.

In order to keep abad of the changing investment climate and economic performance of the region, the institution was able to increase its access to investment guarantee markets. , export credits, secured letters of credit and reinsurance. At the end of June 2018 about 17 billion USD.

Al Ibrahim added that, in line with the growth of its business, the company followed the best risk management practices to ensure its sustainability and consolidate its AA rating for the 11th consecutive year with a stable outlook from Standard & Poor's.